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1622-1628 Union Ave
Memphis, TN 38104
Asking Price
$948K
Cap Rate
7.5%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
1622-1628 Union Ave, Memphis, TN 38104 <ul><li>Prime Retail Investment on High-Traffic Union Avenue</li><li>Significant Upside - Rents 43% Below Market & 75% Occupancy</li><li>62,000+ Vehicles Per Day</li><li>Four Bays: 2,139 SF EA</li><li>Lot Size: .373 AC | 16,248 SF</li><li>Lot Dimensions: 100x162.5</li><li>Year Built: 1955</li><li>Building Size: 9,512 SF</li></ul>
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NOI
$80,000
Cap Rate
8.43%
DSCR
1.42
Strong
Cash-on-Cash
8.33%
Monthly Payment
$4,692.562
Annual Cash Flow
$23,689.262
